Silver One Resources Inc. reports developments tied to silver exploration and project development in the southwestern United States. The company holds a 100% interest in the past-producing Candelaria Mine in Nevada, where news commonly covers drilling, heap-leach resource work, metallurgical testing, geotechnical studies and pre-feasibility activities.
Company updates also address the Cherokee project in Lincoln County, Nevada, which hosts silver-copper-gold vein systems, and the Silver Phoenix Project in Arizona, a native silver prospect in the Arizona Silver Belt. Recurring corporate news includes private placements, stock option grants, technical conference presentations and field-program results.
Silver One Resources (OTCQX: SLVRF) has announced a non-brokered private placement offering to raise $5 million through the issuance of 17,857,142 units at $0.28 per unit.
Each unit consists of one common share and one-half warrant, with each full warrant exercisable at $0.40 per share for a three-year period. The proceeds will be used for exploration and drilling activities on the company's mineral properties and general working capital. The offering is subject to TSX Venture Exchange approval and includes a four-month resale restriction period.
Eric Sprott, through his company 2176423 Ontario Ltd., reported changes in his holdings of Silver One Resources Inc. (SLVRF). On July 14, 2025, 5,555,556 common share purchase warrants expired unexercised, resulting in a decrease of approximately 2.0% in his holdings on a partially diluted basis.
Prior to the warrant expiry, Sprott controlled 37,873,016 shares and 5,555,556 warrants, representing about 14.1% ownership on a non-diluted basis and 15.8% on a partially diluted basis. Following the expiry, he maintains ownership of 37,873,016 shares (14.1%) on a non-diluted basis. Sprott maintains a long-term investment view and may adjust his position based on market conditions.
Silver One Resources (OTCQX: SLVRF) has engaged Zonge International to conduct ground geophysical Induced Polarization (IP) and Magnetotelluric (MT) surveys at its Phoenix Silver project in Arizona. The 50-line km survey will target depths of 600 metres for IP and 1,500 metres for MT, focusing on robust copper targets identified through previous surveys.
The company plans to evaluate silver targets, particularly the 417 area and the northeast-trending silver nuggets zone. Additionally, Silver One reported that its Candelaria project is progressing on schedule, with ongoing metallurgical investigations and a Preliminary Economic Assessment (PEA) expected by year-end.
Silver One Resources (OTCQX: SLVRF) has provided updates on its three key mining projects in Nevada and Arizona. The company's flagship Candelaria silver mine in Nevada contains a current resource of 30.017M oz silver (Indicated) plus 15.397M oz (Inferred), with an additional historical resource being updated. Recent metallurgical testing shows significant improvements in silver recovery using proprietary non-toxic solutions.
The Phoenix Silver project in Arizona, located 5km from Freeport McMoRan's mining complex, has yielded over 200 high-grade silver fragments, with one weighing 417 pounds containing over 70% silver. A recent ZTEM survey identified new silver targets and two priority porphyry targets.
The Cherokee project in Nevada features epithermal veins with over 12km combined strike length and potential porphyry copper-molybdenum mineralization. Previous drilling intersected silver values between 80 g/t and 455 g/t over varying lengths.
Silver One Resources (SLVRF) announced promising results from phase 2 metallurgical testing using innovative non-toxic, cyanide-free leaching technology at its Candelaria Silver Mine in Nevada. The new process, developed by Extrakt Processing Solutions (EPS), demonstrates potential to double silver recoveries and significantly reduce leaching times.
Key findings show column non-cyanide leaching can recover up to 69% silver from heap-leach pads (LP1 and LP2), compared to 29-40% with traditional cyanide leaching. The technology proved effective in both agitated and column leaching processes, particularly for low-grade material. The process is backed by a strategic alliance between EPS and Bechtel.
The project contains over 30 million ounces of silver in indicated resources and 15 million ounces in inferred resources within the leach pads. A Preliminary Economic Assessment (PEA) is scheduled for 2025 to evaluate the entire project, potentially followed by a Pre-Feasibility Study on the Leach Pads.
Silver One Resources (SLVRF) has announced results from its 2024 diamond drill program at the Phoenix Silver Property's 417 area in Arizona. The program, consisting of 30 core holes totaling 1,955 meters, traced vein structures over 250 meters east-west. The best intercept yielded 3,800 g/t silver with 0.97% copper over 0.35m within a quartz breccia near the 417 vein fragment area.
The company identified five silver targets outside the 417 area and two porphyry copper-silver targets through geological mapping, sampling, and a recent ZTEM airborne electromagnetic survey. A notable silver target, the Nuggets-North Target, features a 1.5 km train of 40 silver fragments weighing up to 9 kg.
Future plans include conducting a close-spaced gravity survey over the 417 area, mapping and sampling at the Nuggets-North area, and induced polarization over the porphyry targets to prepare for future drilling campaigns.
Silver One Resources (SLVRF) has announced significant findings from its ZTEM airborne geophysical survey at the Phoenix Silver Project near Globe, Arizona. The survey identified two priority copper targets and five priority silver targets recommended for further exploration.
The copper targets show characteristics of porphyry copper deposits, with geophysical features similar to BHP's Ocelot copper deposit. The project area lies within a prolific copper belt that includes major operations from Freeport McMoRan, Capstone Copper, KGHM, and Rio Tinto-BHP.
Four of the five silver targets are located outside the previously drilled 417 area. A sixth silver target was identified north of the 417 area, marked by 40+ silver nuggets weighing up to 9.5 kilograms each, with estimated silver content exceeding 20%.
The company has staked additional claims in the southwest part of the property to cover the Defiance geophysical and geochemical target. The ZTEM survey revealed conductive zones potentially related to copper sulfides at relatively shallow depths of 500 meters, sharing similarities with BHP/Rio Tinto's Resolution copper deposit.
Silver One Resources Inc. (SLVRF) has initiated a property-wide airborne geophysical survey at its Phoenix Silver Project near Globe, Arizona. The survey aims to identify areas of alteration potentially associated with buried porphyry-related mineralized systems. The project is located at the northeast end of a 50+ kilometer belt hosting multiple porphyry copper mines and prospects.
The survey covers 100 km2 using a Z-Axis Tipper Electromagnetic system (ZTEM), conducted by Geotech This method has been successful in delineating alteration halos associated with porphyry copper deposits globally. The survey is expected to outline structures and areas of hydrothermal alteration potentially related to mineralization.
Scheduled for completion in October 2024, the survey data will be integrated with existing geological, geochemical, and geophysical data to identify new silver and copper targets. Silver One's CEO, Greg Crowe, emphasized that while silver targets remain the focus, the copper potential is compelling, prompting the ZTEM survey to assess porphyry copper potential in the property.